{"id":68557,"date":"2025-07-30T20:00:00","date_gmt":"2025-07-30T11:00:00","guid":{"rendered":"https:\/\/www.globalmacroresearch.org\/jp\/?p=68557"},"modified":"2025-07-30T02:26:39","modified_gmt":"2025-07-29T17:26:39","slug":"%e3%83%8d%e3%82%a4%e3%83%94%e3%82%a2%e6%b0%8f-%e3%83%88%e3%83%a9%e3%83%b3%e3%83%97%e6%94%bf%e6%a8%a9%e3%81%ae%e9%96%a2%e7%a8%8e%e6%94%bf%e7%ad%96%e3%81%af%e4%b8%ad%e5%9b%bd%e7%89%88%e3%82%a2%e3%83%99","status":"publish","type":"post","link":"https:\/\/www.globalmacroresearch.org\/jp\/archives\/68557","title":{"rendered":"\u30cd\u30a4\u30d4\u30a2\u6c0f: \u30c8\u30e9\u30f3\u30d7\u653f\u6a29\u306e\u95a2\u7a0e\u653f\u7b56\u306f\u4e2d\u56fd\u7248\u30a2\u30d9\u30ce\u30df\u30af\u30b9\u306b\u3088\u308b\u4eba\u6c11\u5143\u5b89\u3092\u5f15\u304d\u8d77\u3053\u3059"},"content":{"rendered":"\n<p>\u5f15\u304d\u7d9a\u304d\u3001The Solid Ground Newsletter\u306e\u30e9\u30c3\u30bb\u30eb\u30fb\u30cd\u30a4\u30d4\u30a2\u6c0f\u306e\u3001Resolution Foundation\u306b\u3088\u308b\u30a4\u30f3\u30bf\u30d3\u30e5\u30fc\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u4eca\u56de\u306f\u3001\u30c8\u30e9\u30f3\u30d7\u653f\u6a29\u306e\u8cbf\u6613\u6226\u4e89\u304c\u4e2d\u56fd\u306e\u91d1\u878d\u653f\u7b56\u306b\u4e0e\u3048\u308b\u5f71\u97ff\u306b\u3064\u3044\u3066\u8a9e\u3063\u3066\u3044\u308b\u90e8\u5206\u3092\u7d39\u4ecb\u3057\u305f\u3044\u3002<\/p>\n\n\n\n<!--more-->\n\n\n\n<p><strong>\u4e2d\u56fd\u306e\u5de8\u984d\u50b5\u52d9<\/strong><\/p>\n\n\n\n<p>\u3053\u308c\u307e\u3067\u306e\u8a18\u4e8b\u3067\u30cd\u30a4\u30d4\u30a2\u6c0f\u306f\u3001\u4e2d\u56fd\u304c1990\u5e74\u4ee3\u4ee5\u6765\u3001\u4eba\u6c11\u5143\u3092\u30c9\u30eb\u306b\u3042\u308b\u7a0b\u5ea6\u9023\u52d5\u3055\u305b\u308b\u3068\u540c\u6642\u306b\u3001\u8cbf\u6613\u9ed2\u5b57\u3092\u4f7f\u3063\u3066\u5916\u8ca8\u6e96\u5099\u306b\u30c9\u30eb\u3092\u7a4d\u307f\u4e0a\u3052\u3066\u304d\u305f\u3053\u3068\u3092\u8aac\u660e\u3057\u3066\u3044\u305f\u3002<\/p>\n\n\n\n<p>\u3060\u304b\u3089\u30c8\u30e9\u30f3\u30d7\u653f\u6a29\u304c\u4e2d\u56fd\u306e\u8cbf\u6613\u9ed2\u5b57\u3092\u5acc\u3046\u3068\u304d\u3001\u30c8\u30e9\u30f3\u30d7\u6c0f\u81ea\u8eab\u306f\u7406\u89e3\u3057\u3066\u3044\u306a\u3044\u304c\u3001\u305d\u308c\u306f\u4e2d\u56fd\u306e\u7c73\u56fd\u50b5\u4fdd\u6709\u3092\u5acc\u3063\u3066\u3044\u308b\u3082\u540c\u7136\u306a\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/68525\" data-type=\"post\" data-id=\"68525\">\u30cd\u30a4\u30d4\u30a2\u6c0f: \u30c8\u30e9\u30f3\u30d7\u5927\u7d71\u9818\u306e\u653f\u7b56\u304c\u4e16\u754c\u7684\u306a\u7c73\u56fd\u682a\u3068\u7c73\u56fd\u50b5\u306e\u58f2\u308a\u3092\u5f15\u304d\u8d77\u3053\u3059<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u3060\u304c\u30cd\u30a4\u30d4\u30a2\u6c0f\u306b\u3088\u308c\u3070\u3001\u4eba\u6c11\u5143\u306e\u4fa1\u5024\u3092\u30c9\u30eb\u306b\u5bfe\u3057\u3066\u7dad\u6301\u3057\u306a\u304c\u3089\u8cbf\u6613\u9ed2\u5b57\u3092\u4f7f\u3063\u3066\u30c9\u30eb\u3092\u8cb7\u3044\u7d9a\u3051\u308b\u30b9\u30ad\u30fc\u30e0\u306f\u3001\u305d\u3082\u305d\u3082\u4e2d\u56fd\u306b\u3068\u3063\u3066\u3082\u306f\u3084\u6a5f\u80fd\u3057\u3066\u3044\u306a\u3044\u3068\u3044\u3046\u3002<\/p>\n\n\n\n<p>\u30cd\u30a4\u30d4\u30a2\u6c0f\u306f\u6b21\u306e\u3088\u3046\u306b\u8ff0\u3079\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u3067\u306f\u3001\u4f55\u6545\u305d\u308c\u306f\u3082\u306f\u3084\u4e2d\u56fd\u306b\u3068\u3063\u3066\u6a5f\u80fd\u3057\u3066\u3044\u306a\u3044\u306e\u304b\uff1f\u3000\u4f55\u6545\u4e2d\u56fd\u306b\u3068\u3063\u3066\u72b6\u6cc1\u306f\u3069\u3093\u3069\u3093\u60aa\u304f\u306a\u3063\u3066\u3044\u308b\u306e\u304b\uff1f\u3000\u4f55\u6545\u4e2d\u56fd\u306f\u305d\u306e\u30b7\u30b9\u30c6\u30e0\u304b\u3089\u629c\u3051\u3088\u3046\u3068\u3057\u3066\u3044\u3066\u3001\u305d\u3046\u306a\u308c\u3070\u3069\u3046\u306a\u308b\u306e\u304b\u3002<\/p>\n\n\n\n<p>\u4e2d\u56fd\u306f\u4eca\u3084GDP\u6bd4\u3067\u30a2\u30e1\u30ea\u30ab\u3088\u308a\u591a\u304f\u306e\u8ca0\u50b5\u3092\u62b1\u3048\u3066\u3044\u308b\u3002\u305d\u308c\u304c\u3053\u306e\u30b7\u30b9\u30c6\u30e0\u304c\u4e2d\u56fd\u306b\u3068\u3063\u3066\u3082\u306f\u3084\u6a5f\u80fd\u3057\u3066\u3044\u306a\u3044\u7406\u7531\u3060\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u30ea\u30fc\u30de\u30f3\u30b7\u30e7\u30c3\u30af\u306e\u9803\u306f\u3001\u307e\u3060\u4e2d\u56fd\u306b\u306f\u305d\u308c\u307b\u3069\u306e\u8ca0\u50b5\u304c\u306a\u304b\u3063\u305f\u3002\u3060\u304c\u305d\u308c\u304b\u308915\u5e74\u4ee5\u4e0a\u304c\u7d4c\u904e\u3057\u3001\u4e2d\u56fd\u306e\u4e0d\u52d5\u7523\u30d0\u30d6\u30eb\u304c\u81a8\u3089\u3093\u3067\u5d29\u58ca\u3057\u305f\u7d50\u679c\u3001\u4e2d\u56fd\u7d4c\u6e08\u5168\u4f53\u306e\u50b5\u52d9\u306e\u91cf\u306f\u4e16\u754c\u5c48\u6307\u306e\u30ec\u30d9\u30eb\u306b\u307e\u3067\u81a8\u3089\u3093\u3067\u3044\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/55005\" data-type=\"post\" data-id=\"55005\">\u30ec\u30a4\u30fb\u30c0\u30ea\u30aa\u6c0f\u304c\u4e2d\u56fd\u306e\u4e0d\u52d5\u7523\u30d0\u30d6\u30eb\u5d29\u58ca\u3092\u8aac\u660e\u3059\u308b<\/a><\/li>\n<\/ul>\n\n\n\n<p><strong>\u4e2d\u56fd\u306f\u91d1\u878d\u7de9\u548c\u3059\u3079\u304d<\/strong><\/p>\n\n\n\n<p>\u3053\u306e\u72b6\u6cc1\u306b\u7f6e\u304b\u308c\u3066\u3044\u308b\u4e2d\u56fd\u306b\u3068\u3063\u3066\u5fc5\u8981\u306a\u3053\u3068\u306f\u4f55\u304b\u3002\u4f8b\u3048\u3070Bridgewater\u306e\u30ec\u30a4\u30fb\u30c0\u30ea\u30aa\u6c0f\u306f\u91d1\u878d\u7de9\u548c\u3092\u884c\u306a\u3046\u3079\u304d\u3060\u3068\u4e3b\u5f35\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/46677\" data-type=\"post\" data-id=\"46677\">\u30ec\u30a4\u30fb\u30c0\u30ea\u30aa\u6c0f: \u30d0\u30d6\u30eb\u5d29\u58ca\u4e2d\u306e\u4e2d\u56fd\u306f\u91d1\u878d\u7de9\u548c\u3059\u3079\u304d<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u30cd\u30a4\u30d4\u30a2\u6c0f\u3082\u540c\u610f\u898b\u306e\u3088\u3046\u3060\u3002\u30cd\u30a4\u30d4\u30a2\u6c0f\u306f\u6b21\u306e\u3088\u3046\u306b\u8ff0\u3079\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u4e2d\u56fd\u304c\u3084\u308b\u3053\u3068\u306f\u3053\u3046\u3060\u3002GDP\u6bd4\u3067\u50b5\u52d9\u3092\u6e1b\u3089\u3059\u305f\u3081\u306b\u5fc5\u8981\u306a\u540d\u76eeGDP\u6210\u9577\u3092\u78ba\u4fdd\u3059\u308b\u305f\u3081\u3001\u5fc5\u8981\u306a\u3060\u3051\u7d19\u5e63\u5370\u5237\u3092\u884c\u306a\u3046\u3002\u4ed6\u306e\u56fd\u3082\u3084\u3063\u3066\u3044\u308b\u3053\u3068\u3060\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u8981\u3059\u308b\u306b\u65e5\u672c\u306e\u30a2\u30d9\u30ce\u30df\u30af\u30b9\u3067\u3042\u308b\u3002\u8ca1\u653f\u8d64\u5b57\u3092\u4f55\u3068\u304b\u3059\u308b\u305f\u3081\u306b\u30a2\u30e1\u30ea\u30ab\u3082\u540c\u3058\u3053\u3068\u3092\u3084\u3089\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u3044\u72b6\u6cc1\u306b\u9665\u3063\u3066\u3044\u308b\u304c\u3001\u4e2d\u56fd\u3082\u305d\u3046\u3060\u3068\u3044\u3046\u3053\u3068\u304b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/67560\" data-type=\"post\" data-id=\"67560\">\u30ec\u30a4\u30fb\u30c0\u30ea\u30aa\u6c0f\u3001\u30a2\u30e1\u30ea\u30ab\u7248\u30a2\u30d9\u30ce\u30df\u30af\u30b9\u306b\u3088\u308b\u30c9\u30eb\u66b4\u843d\u3092\u4e88\u60f3<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u30cd\u30a4\u30d4\u30a2\u6c0f\u306f\u6b21\u306e\u3088\u3046\u306b\u7d9a\u3051\u308b\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u4e2d\u56fd\u304c\u3084\u308b\u3079\u304d\u3053\u3068\u306f\u3001\u4e2d\u592e\u9280\u884c\u306e\u30d0\u30e9\u30f3\u30b9\u30b7\u30fc\u30c8\u3092\u5897\u3084\u3057\u7d19\u5e63\u3092\u5370\u5237\u3059\u308b\u3053\u3068\u3060\u3002\u3060\u304c\u3001\u4e2d\u56fd\u306f\u305d\u308c\u306b\u5931\u6557\u3057\u7d9a\u3051\u3066\u3044\u308b\u3002<\/p>\n<\/blockquote>\n\n\n\n<p><strong>\u91d1\u878d\u7de9\u548c\u306b\u8e0f\u307f\u5207\u308c\u306a\u3044\u4e2d\u56fd<\/strong><\/p>\n\n\n\n<p>\u4e2d\u56fd\u306f\u91d1\u878d\u7de9\u548c\u306b\u5931\u6557\u3057\u7d9a\u3051\u3066\u3044\u308b\u3002\u305d\u308c\u306f\u3069\u3046\u3044\u3046\u3053\u3068\u304b\uff1f\u3000\u30cd\u30a4\u30d4\u30a2\u6c0f\u306f\u6b21\u306e\u3088\u3046\u306b\u8aac\u660e\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u4e2d\u56fd\u306f\u53bb\u5e748\u6708\u306b\u7fd2\u8fd1\u5e73\u6c0f\u306e\u4e3b\u5c0e\u3067\u305d\u3046\u3044\u3046\u653f\u7b56\u3092\u767a\u8868\u3057\u305f\u304c\u3001\u305d\u308c\u30921\u6708\u306b\u53d6\u308a\u6d88\u3057\u305f\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u30c0\u30ea\u30aa\u6c0f\u304c2024\u5e74\u524d\u534a\u306b\u4e2d\u56fd\u306f\u91d1\u878d\u7de9\u548c\u3059\u3079\u304d\u3060\u3068\u8868\u660e\u3059\u308b\u3068\u3001\u4e2d\u56fd\u306f\u540c\u5e74\u5f8c\u534a\u306b\u305d\u306e\u3088\u3046\u306a\u653f\u7b56\u3092\u767a\u8868\u3057\u305f\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/55048\" data-type=\"post\" data-id=\"55048\">\u30ec\u30a4\u30fb\u30c0\u30ea\u30aa\u6c0f\u3001\u4e2d\u56fd\u306e\u4e0d\u52d5\u7523\u30d0\u30d6\u30eb\u5d29\u58ca\u306e\u5e95\u6253\u3061\u3068\u4e2d\u56fd\u682a\u306e\u53cd\u767a\u3092\u4e88\u60f3 (2024\/10\/14)<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u30c0\u30ea\u30aa\u6c0f\u306f\u4e2d\u56fd\u9ad8\u5b98\u3068\u89aa\u3057\u3044\u306e\u3067\u3001\u6050\u3089\u304f\u4e2d\u56fd\u653f\u5e9c\u306f\u30c0\u30ea\u30aa\u6c0f\u306e\u52a9\u8a00\u3092\u53d6\u308a\u5165\u308c\u305f\u306e\u3060\u308d\u3046\u3002\u30c0\u30ea\u30aa\u6c0f\u306f\u30a2\u30e1\u30ea\u30ab\u653f\u5e9c\u306b\u3082\u52a9\u8a00\u3057\u3066\u3044\u308b\u304b\u3089\u3001\u8003\u3048\u3066\u307f\u308c\u3070\u51c4\u307e\u3058\u3044\u4eba\u7269\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u305d\u308c\u3067\u4e2d\u56fd\u682a\u306f2024\u5e74\u5f8c\u534a\u306b\u9ad8\u9a30\u3057\u305f\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2025\/07\/2025-07-30-shanghai-composite-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"536\" height=\"465\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2025\/07\/2025-07-30-shanghai-composite-chart.png\" alt=\"\" class=\"wp-image-68599\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2025\/07\/2025-07-30-shanghai-composite-chart.png 536w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2025\/07\/2025-07-30-shanghai-composite-chart-300x260.png 300w\" sizes=\"auto, (max-width: 536px) 100vw, 536px\" \/><\/a><\/figure>\n\n\n\n<p><strong>\u4e2d\u56fd\u306e\u7de9\u548c\u505c\u6b62<\/strong><\/p>\n\n\n\n<p>\u3060\u304c\u4e2d\u56fd\u306f\u305d\u308c\u3092\u53d6\u308a\u6d88\u3055\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u304b\u3063\u305f\u3002\u4f55\u6545\u304b\uff1f\u3000\u30cd\u30a4\u30d4\u30a2\u6c0f\u306f\u6b21\u306e\u3088\u3046\u306b\u8ff0\u3079\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u5730\u65b9\u50b5\u306e\u8cb7\u3044\u5165\u308c\u3067\u4e2d\u592e\u9280\u884c\u304c\u30d0\u30e9\u30f3\u30b9\u30b7\u30fc\u30c8\u3092\u5897\u3084\u3057\u306a\u304c\u3089\u70ba\u66ff\u30ec\u30fc\u30c8\u3092\u4fdd\u3064\u3068\u3044\u30462\u3064\u306e\u3053\u3068\u3092\u540c\u6642\u306b\u3084\u308b\u3053\u3068\u304c\u3067\u304d\u306a\u304b\u3063\u305f\u304b\u3089\u3060\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u4e2d\u592e\u9280\u884c\u304c\u50b5\u5238\u3092\u8cb7\u3044\u5165\u308c\u308b\u91cf\u7684\u7de9\u548c\u306f\u3001\u65e5\u672c\u4eba\u304c\u4e00\u756a\u3088\u304f\u77e5\u3063\u3066\u3044\u308b\u304c\u3001\u901a\u8ca8\u3092\u4e0b\u843d\u3055\u305b\u308b\u653f\u7b56\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u3060\u304c\u4e2d\u56fd\u306f\u70ba\u66ff\u30ec\u30fc\u30c8\u3092\u30c9\u30eb\u306a\u3069\u306e\u901a\u8ca8\u306b\u5bfe\u3057\u3066\u3042\u308b\u7a0b\u5ea6\u56fa\u5b9a\u3057\u3066\u3044\u308b\u3002\u305d\u308c\u3092\u7dad\u6301\u3057\u306a\u304c\u3089\u91cf\u7684\u7de9\u548c\u3092\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u306a\u304b\u3063\u305f\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u30cd\u30a4\u30d4\u30a2\u6c0f\u306f\u6b21\u306e\u3088\u3046\u306b\u8ff0\u3079\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u53bb\u5e74\u4e2d\u56fd\u304c\u30ea\u30d5\u30ec\u653f\u7b56\u3092\u8a66\u307f\u305f\u3068\u304d\u3001\u4e2d\u56fd\u306e\u5916\u8ca8\u6e96\u5099\u304c\u6e1b\u5c11\u3057\u305f\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u91cf\u7684\u7de9\u548c\u3092\u3057\u306a\u304c\u3089\u70ba\u66ff\u30ec\u30fc\u30c8\u3092\u7dad\u6301\u3057\u3088\u3046\u3068\u601d\u3048\u3070\u3001\u5916\u8ca8\u6e96\u5099\u3092\u7121\u9650\u306b\u6e1b\u3089\u3057\u3066\u81ea\u56fd\u901a\u8ca8\u3092\u8cb7\u3044\u652f\u3048\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u304f\u306a\u308b\u3002<\/p>\n\n\n\n<p><strong>\u4e2d\u56fd\u7248\u30a2\u30d9\u30ce\u30df\u30af\u30b9<\/strong><\/p>\n\n\n\n<p>\u3067\u306f\u3001\u81ea\u56fd\u901a\u8ca8\u3092\u8cb7\u3044\u652f\u3048\u306a\u3051\u308c\u3070\u826f\u3044\u306e\u3067\u306f\u306a\u3044\u304b\u3002\u4f55\u6545\u4e2d\u56fd\u306f\u305d\u308c\u307b\u3069\u81ea\u56fd\u901a\u8ca8\u306e\u70ba\u66ff\u30ec\u30fc\u30c8\u56fa\u5b9a\u306b\u3053\u3060\u308f\u3063\u3066\u3044\u308b\u306e\u304b\uff1f\u3000\u4e2d\u56fd\u306f\u4f55\u6545\u7de9\u548c\u3067\u304d\u306a\u3044\u306e\u304b\uff1f<\/p>\n\n\n\n<p>\u305d\u308c\u306f\u4e2d\u56fd\u4eba\u4ee5\u4e0a\u306b\u65e5\u672c\u4eba\u304c\u3088\u304f\u77e5\u3063\u3066\u3044\u308b\u306e\u3067\u306f\u306a\u3044\u304b\u3002<\/p>\n\n\n\n<p>\u65e5\u672c\u306f1989\u5e74\u306e\u30d0\u30d6\u30eb\u5d29\u58ca\u304b\u30892013\u5e74\u306e\u30a2\u30d9\u30ce\u30df\u30af\u30b9\u307e\u3067\u3001\u7de9\u548c\u653f\u7b56\u306b\u5f37\u56fa\u306b\u53cd\u5bfe\u3057\u3066\u3044\u305f\u3002\u91cf\u7684\u7de9\u548c\u306b\u305f\u3081\u3089\u3044\u306e\u306a\u3044\u4eca\u306e\u65e5\u672c\u3084\u30a2\u30e1\u30ea\u30ab\u306e\u5e38\u8b58\u3067\u8003\u3048\u308b\u304b\u3089\u4e2d\u56fd\u306e\u59ff\u52e2\u304c\u4e0d\u53ef\u89e3\u306b\u601d\u3048\u308b\u306e\u3067\u3042\u3063\u3066\u3001\u3080\u3057\u308d\u5f7c\u3089\u306e\u611f\u899a\u304c\u666e\u901a\u306a\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/48045\" data-type=\"post\" data-id=\"48045\">\u30cf\u30a4\u30a8\u30af\u6c0f: \u91d1\u878d\u7de9\u548c\u3067\u30c7\u30d5\u30ec\u3092\u9632\u3054\u3046\u3068\u3059\u308c\u3070\u7d4c\u6e08\u306f\u60aa\u5316\u3059\u308b<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u3060\u304c\u65e5\u672c\u3082\u7d50\u5c40\u306f\u91d1\u878d\u7de9\u548c\u3068\u3044\u3046\u60aa\u9b54\u306e\u5b9f\u306b\u624b\u3092\u51fa\u3057\u305f\u3002\u305d\u3057\u3066\u30a4\u30f3\u30d5\u30ec\u653f\u7b56\u306b\u3088\u3063\u3066\u898b\u4e8b\u306b\u30a4\u30f3\u30d5\u30ec\u3092\u624b\u306b\u5165\u308c\u305f\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/66448\" data-type=\"post\" data-id=\"66448\">\u30ec\u30a4\u30fb\u30c0\u30ea\u30aa\u6c0f\u306e\u65b0\u8457\u3001\u65e5\u672c\u7d4c\u6e08\u3092\u653f\u5e9c\u50b5\u52d9\u306e\u5bfe\u51e6\u306b\u5931\u6557\u3057\u305f\u5834\u5408\u306e\u4e8b\u4f8b\u3068\u3057\u3066\u63b2\u8f09<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u3060\u304b\u3089\u4e2d\u56fd\u304c\u91cf\u7684\u7de9\u548c\u306b\u624b\u3092\u51fa\u3059\u307e\u3067\u306b\u306f\u65e5\u672c\u4eba\u304c\u601d\u3046\u4ee5\u4e0a\u306e\u6642\u9593\u304c\u304b\u304b\u3063\u3066\u3044\u308b\u3002\u3057\u304b\u3057\u65e5\u672c\u306e\u3088\u3046\u306b20\u5e74\u4ee5\u4e0a\u304b\u304b\u308b\u3068\u306f\u601d\u308f\u306a\u3044\u3002<\/p>\n\n\n\n<p>\u4f55\u3088\u308a\u3001\u3053\u308c\u307e\u3067\u306b\u8ff0\u3079\u3066\u304d\u305f\u3088\u3046\u306b\u3001\u30c8\u30e9\u30f3\u30d7\u653f\u6a29\u304c\u4e2d\u56fd\u3092\u305d\u3053\u306b\u8ffd\u3044\u8fbc\u3082\u3046\u3068\u3057\u3066\u3044\u308b\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u30cd\u30a4\u30d4\u30a2\u6c0f\u306f\u3001\u7d50\u5c40\u4e2d\u56fd\u306f\u7de9\u548c\u653f\u7b56\u3092\u5b9f\u884c\u3057\u3001\u30a2\u30e1\u30ea\u30ab\u88fd\u54c1\u3092\u512a\u4f4d\u306b\u3057\u3088\u3046\u3068\u3057\u3066\u3044\u308b\u30c8\u30e9\u30f3\u30d7\u653f\u6a29\u306b\u5bfe\u3057\u3001\u901a\u8ca8\u5b89\u3067\u66f4\u306b\u5b89\u4fa1\u306b\u306a\u3063\u305f\u4e2d\u56fd\u88fd\u54c1\u3092\u6492\u304d\u6563\u3089\u3059\u3053\u3068\u3067\u8fd4\u793c\u3059\u308b\u3068\u4e88\u60f3\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u30cd\u30a4\u30d4\u30a2\u6c0f\u306f\u6b21\u306e\u3088\u3046\u306b\u8ff0\u3079\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u516c\u306b\u4e2d\u56fd\u3092\u6575\u3060\u3068\u898b\u306a\u3057\u3066\u3044\u308b\u76f8\u624b\u306b\u5bfe\u3057\u3001\u4e2d\u56fd\u304c\u3053\u306e\u30c7\u30d5\u30ec\u306e\u653e\u51fa\u3092\u884c\u308f\u306a\u3044\u306f\u305a\u304c\u3042\u308b\u3060\u308d\u3046\u304b\uff1f<\/p>\n<\/blockquote>\n\n\n\n<p><strong>\u7d50\u8ad6<\/strong><\/p>\n\n\n\n<p>\u4e2d\u56fd\u306f\u307e\u3055\u306b\u3001\u65e5\u672c\u304c\u7d4c\u9a13\u3057\u305f\u4e0d\u52d5\u7523\u30d0\u30d6\u30eb\u5d29\u58ca\u304b\u3089\u91cf\u7684\u7de9\u548c\u307e\u3067\u306e\u9014\u4e0a\u306b\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u3057\u304b\u3057\u4e2d\u56fd\u3082\u30a2\u30e1\u30ea\u30ab\u3082\u30a2\u30d9\u30ce\u30df\u30af\u30b9\u306e\u5f8c\u3092\u8ffd\u3046\u3053\u3068\u306b\u306a\u308b\u3068\u306f\u3001\u65e5\u672c\u306b\u3068\u3063\u3066\u306f\u5149\u6804\u306a\u8a71\u3067\u306f\u306a\u3044\u304b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/67560\" data-type=\"post\" data-id=\"67560\">\u30ec\u30a4\u30fb\u30c0\u30ea\u30aa\u6c0f\u3001\u30a2\u30e1\u30ea\u30ab\u7248\u30a2\u30d9\u30ce\u30df\u30af\u30b9\u306b\u3088\u308b\u30c9\u30eb\u66b4\u843d\u3092\u4e88\u60f3<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u3060\u304c\u7b46\u8005\u304c\u601d\u3044\u51fa\u3059\u306e\u306f\u300120\u4e16\u7d00\u6700\u5927\u306e\u7d4c\u6e08\u5b66\u8005\u30d5\u30ea\u30fc\u30c9\u30ea\u30d2\u30fb\u30d5\u30a9\u30f3\u30fb\u30cf\u30a4\u30a8\u30af\u6c0f\u304c\u8457\u66f8\u300e<a href=\"https:\/\/amzn.to\/44l0OVT\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">\u8ca8\u5e63\u7406\u8ad6\u3068\u666f\u6c17\u5faa\u74b0<\/a>\u300f\u3067\u6b21\u306e\u3088\u3046\u306b\u8a00\u3063\u3066\u3044\u305f\u3053\u3068\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/48045\" data-type=\"post\" data-id=\"48045\">\u30cf\u30a4\u30a8\u30af\u6c0f: \u91d1\u878d\u7de9\u548c\u3067\u30c7\u30d5\u30ec\u3092\u9632\u3054\u3046\u3068\u3059\u308c\u3070\u7d4c\u6e08\u306f\u60aa\u5316\u3059\u308b<\/a><\/li>\n<\/ul>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u3044\u307e\u7d4c\u6e08\u3067\u306f\u30c7\u30d5\u30ec\u304c\u9032\u884c\u3057\u3066\u304a\u308a\u3001\u305d\u308c\u304c\u6c38\u9060\u306b\u7d9a\u3051\u3070\u8a08\u308a\u77e5\u308c\u306a\u3044\u60aa\u5f71\u97ff\u3092\u53ca\u307c\u3059\u3068\u3044\u3046\u3053\u3068\u306b\u306f\u307b\u3068\u3093\u3069\u7591\u3044\u304c\u306a\u3044\u3002<\/p>\n\n\n\n<p>\u3060\u304c\u3001\u305d\u308c\u306f\u30c7\u30d5\u30ec\u304c\u666f\u6c17\u4f4e\u8ff7\u306e\u539f\u56e0\u3067\u3042\u308b\u3068\u304b\u3001\u73fe\u5728\u306e\u30c7\u30d5\u30ec\u3092\u4eba\u5de5\u7684\u306a\u8cc7\u91d1\u6ce8\u5165\u3067\u6253\u3061\u6d88\u3059\u3053\u3068\u3067\u305d\u3046\u3057\u305f\u666f\u6c17\u4f4e\u8ff7\u3092\u89e3\u6c7a\u3067\u304d\u308b\u3068\u304b\u3044\u3046\u3053\u3068\u3092\u6c7a\u3057\u3066\u610f\u5473\u3057\u306a\u3044\u3002<\/p>\n\n\n\n<p>\u3082\u3057\u30c7\u30d5\u30ec\u304c\u4f01\u696d\u306e\u4e0d\u63a1\u7b97\u306e\u539f\u56e0\u3067\u306f\u306a\u304f\u7d50\u679c\u3067\u3042\u308b\u306a\u3089\u3070\u3001\u5358\u306b\u30c7\u30d5\u30ec\u3092\u30a4\u30f3\u30d5\u30ec\u306b\u9006\u8ee2\u3055\u305b\u308b\u3053\u3068\u3067\u597d\u666f\u6c17\u306e\u6c38\u7d9a\u3092\u9054\u6210\u3067\u304d\u308b\u3068\u9858\u3046\u306e\u306f\u5b8c\u5168\u306b\u7121\u610f\u5473\u3067\u3042\u308b\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u3060\u304c\u3053\u3046\u3057\u305f\u8b70\u8ad6\u306f\u73fe\u4ee3\u4eba\u306e\u982d\u304b\u3089\u306f\u5b8c\u5168\u306b\u6d88\u3048\u3066\u3057\u307e\u3063\u305f\u3088\u3046\u3060\u3002<\/p>\n\n\n\n<p>\u3069\u306e\u56fd\u306b\u304a\u3044\u3066\u3082\u7d19\u5e63\u306f\u7d19\u5207\u308c\u306b\u306a\u308b\u3057\u304b\u306a\u3044\u3088\u3046\u3067\u3042\u308b\u3002\u7b46\u8005\u306f\u8cb4\u91d1\u5c5e\u306b\u9003\u3052\u3055\u305b\u3066\u3082\u3089\u3046\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/67652\" data-type=\"post\" data-id=\"67652\">\u30d5\u30a9\u30f3\u30fb\u30b0\u30e9\u30a4\u30a2\u30fc\u30c4\u6c0f: \u91d1\u4fa1\u683c\u306f\u30c9\u30eb\u7d19\u5e63\u304c\u5b8c\u5168\u306b\u4fa1\u5024\u3092\u5931\u3046\u307e\u3067\u4e0a\u304c\u308a\u7d9a\u3051\u308b<\/a><\/li>\n<\/ul>\n\n\n\n<p><a href=\"https:\/\/amzn.to\/44l0OVT\" target=\"_blank\" rel=\"noreferrer noopener\"><img decoding=\"async\" src=\"https:\/\/m.media-amazon.com\/images\/I\/41pTlvJM1pL._SL160_.jpg\"><\/a><br><a href=\"https:\/\/amzn.to\/44l0OVT\" target=\"_blank\" rel=\"noreferrer noopener\">\u8ca8\u5e63\u7406\u8ad6\u3068\u666f\u6c17\u5faa\u74b0<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u5f15\u304d\u7d9a\u304d\u3001The Solid Ground Newsletter\u306e\u30e9\u30c3\u30bb\u30eb\u30fb\u30cd\u30a4\u30d4\u30a2\u6c0f\u306e\u3001Resolution Foundation\u306b\u3088\u308b\u30a4\u30f3\u30bf\u30d3\u30e5\u30fc\u3067\u3042\u308b\u3002 \u4eca\u56de\u306f\u3001\u30c8\u30e9\u30f3\u30d7\u653f\u6a29\u306e\u8cbf\u6613\u6226\u4e89\u304c\u4e2d\u56fd\u306e\u91d1\u878d\u653f\u7b56\u306b\u4e0e\u3048\u308b\u5f71\u97ff\u306b &hellip; <a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/68557\" class=\"more-link\">\u7d9a\u304d\u3092\u8aad\u3080 <span class=\"screen-reader-text\">\u30cd\u30a4\u30d4\u30a2\u6c0f: \u30c8\u30e9\u30f3\u30d7\u653f\u6a29\u306e\u95a2\u7a0e\u653f\u7b56\u306f\u4e2d\u56fd\u7248\u30a2\u30d9\u30ce\u30df\u30af\u30b9\u306b\u3088\u308b\u4eba\u6c11\u5143\u5b89\u3092\u5f15\u304d\u8d77\u3053\u3059<\/span> <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[185,174,19,108],"tags":[202],"class_list":["post-68557","post","type-post","status-publish","format-standard","hentry","category-cny","category-chinese-bond-markets","category-foreign-exchange-market","category-bond-markets","tag-russell-napier"],"_links":{"self":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/68557","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/comments?post=68557"}],"version-history":[{"count":48,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/68557\/revisions"}],"predecessor-version":[{"id":68629,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/68557\/revisions\/68629"}],"wp:attachment":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/media?parent=68557"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/categories?post=68557"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/tags?post=68557"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}